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20121205
20121213
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CNNW 2
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English 15
Search Results 0 to 14 of about 15 (some duplicates have been removed)
FOX News
Dec 10, 2012 6:00am PST
of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to this country in u.s. popularity is presumed to have been killed when a private plane crashed in monterrey, mexico. authorities have not confirmed her debt. her relatives say they have few doubts she was on board that plane. she was hea
FOX News
Dec 6, 2012 10:00am PST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
CSPAN
Dec 6, 2012 9:00am EST
-called fiscal cliff. this is in fact the family and business tax cut certainty act of 2012. while i hope that the negotiations to avert the fiscal cliff are successful, in my view we should not wait for a grand bargain in order to finish work on this important tax extender legislation. tax extenders are different from the other fiscal cliff issues for three basic reasons, and let me describe those reasons. first tax extenders are much less contentious than the other end of year problems that we -- that need to be resolved. the tax extender bill on the senate calendar has strong bipartisan support. in august, the finance committee approved it by a large margin. we have support from six republicans, including the ranking member, senator hatch. all 13 democrats supported it. i believe that many more republicans will vote for this legislation if it's brought up for consideration here in the senate. the bill consists entirely of tax cuts. it should not be difficult to get senators to vote for tax cuts, right before christmas especially. most of these tax cuts have solid bipartisan support. ma
CNBC
Dec 7, 2012 9:00am EST
is a fiscal cliff and concern about rising taxes in those consumer sentiment numbers creeping in and those higher income households pulled back on spending expectations on big ticket items of vehicles and appliances and consumer durables. that's significant. in terms of sandy, one thing i would note is on unemployment survey it was taken on november 5th, the day before the election. remember, there was a nor'easter a few days later that compounded some of the disruptions related to sandy and many of the unemployment insurance claims because people couldn't get out to make the unemployment claims didn't occur until the peak in the middle of november. i think the timing of this survey really did matter in this. steve made a good point on earlier than usual thanksgiving maybe swamping some of the retail effects that we would have seen from sandy because of the seasonals and the way the data was captured. i don't think underlying economy is that much stronger with downward revisions we saw in previous months. i do think the fact that timing and nor'easter was also in here and that did down air
FOX News
Dec 9, 2012 1:00pm PST
at the beginning of the fiscal cliff because they can most afford it. we can't have $127 billion of tax increases and spending cuts just a little bit from those that can most afford it. >> heather: thank you so much for joining us. we'll see what happens. >> gregg: george zimmerman files a lawsuit against nbc accusing the network of editing the 911 call before the death of trayvon martin. >> heather: a little girl waits her turn to meet santa but little did she know one of her christmas wishes would be granted on the spot. >>> daddy? the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i've been a superintendentle for 30 some years at many dif
FOX News
Dec 10, 2012 3:00am PST
. that makes no difference whatsoever. forget this fiscal cliff deal. the moral is, you raise tax rates and down goes tax revenue. look at what happened in britain. this raised the top tax rate to 50% and two-thirds of the millionaires disappeared in the next tax year. same things are happening in france. people are leaving. the top tax rate of 75%. same thing had in maryland a few years ago. new millionaires tax. they disappeared. exactly the same thing in california. >> brian: they went to pennsylvania and california. now texas. >> you avoid a high, what they consider a high tax rate. you want to take more money off them, but when you try do it, you don't get more money off them. >> brian: are you disturbed at all, 'cause i know you're a numbers guy, that it seems as though republicans from senator cork tore coburn to coal, seem to be saying, all right, just raise the rate. give the president his trophy so we can get to real cuts, would that bother you? >> yes, it would bother me because this is a spending problem. not a tax problem. if you just give in and pay the higher tax rates or
CNN
Dec 10, 2012 1:00pm PST
cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform school. you'll find out what researchers think they have found. that's next. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> researchers may have unkfred shocking new evidence of a mass grave at a now closed florida reform school. where years ago family members say d
Current
Dec 11, 2012 3:00am PST
. the more the likelihood we get a fiscal cliff agreement at some point. there's still obviously the chance we go off the cliff. i think that's pretty unlikely to come to some arrangement on the tax increases. offset by entitlement reforms. the big question is what would democrats agree to and can the president bring them all along? he had that conversation with harry reid from air force i yesterday, i believe. which is significant in the sense that if we believe he's now trying to craft some sort of compromise deal, the democrats will accept, that we'll have some changes to social security and medicare that won't cause a full revolt in the democratic party. that's the big question. >> bill: first of all on the tax rate, do you think the president -- first will republicans accept any increase in the tack rate for the top 2%? and will the president accept anything less than 39.6%? >> i think on the first question, the answer is probably yes. i think john boehner has difficult task in selling that to his caucus and in
CNN
Dec 6, 2012 11:00am PST
. and just as many around the world. but we get his point. >>> speaking of the fiscal cliff, we know what the parameters of a deal in congress will look like, right? on taxes, republicans give in to raise taxes on the wealthiest 2% and democrats will agree to rein in tax breaks, right? democrats are fighting hard to preserve the tax deduction for state and local taxes, that costs the federal budget more than $80 billion a year. why? because 7 of 8 states where taxpayers use the deductions that much are blue or democratic. new york, new jersey, pennsylvania, all blue with the highest state local -- state and local taxes taken out there and property taxes. the tax deductions on them benefit higher income taxpayers in states that consistently deliver for the democrats. i get the politics of this but democrats need to own up. they can't have their cake and eat it, too. in the end, we are all going to pay more or we are going to get less. if we're serious about the fiscal house in order. if demonstrates are serious about republicans to break with ideology and their party base, to vote for high
CSPAN
Dec 11, 2012 9:00am EST
and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it clear, though, he wants to protect and insulate middle-income families from any income tax increases, and i agree with him. we should not raise the income taxes on those making less than $250,000 a year. i voted that way in july. we sent the bill to the house. it sits there. it languishes in the house because the speaker won't call it. he has his chance this week or the next to call that bill on the floor of the house of representatives to avoid any tax increase on middle-income families. that's an important thing for us to get done before we leave at the end of this particular session of congress. let me say that $1.6 trilli
Search Results 0 to 14 of about 15 (some duplicates have been removed)